Channel Down emerged. Still short.

12 Jul 2018

The price created the new Channel Down (RSI = 33.428) on 4H that was projected and Highs/Lows = -0.0270, B/BP = -0.0543, MACD = -0.035 already point towards the 0.888 support. 1D remains on a perfectly balanced downtrend (RSI = 39.385, ADX = 30.901) and the lack of oversold aspects indicates that the new bearish leg on IOTUSD can be sustainable and on a steady pace. The targets are intact: TP = 0.7947 and (after updates and under circumstances) the contact points of Nov 24, 2017 = 0.6704, Nov 02, 2017 = 0.3199, Jul 15, 2017 = 0.1459. IOTA remains a medium term short opportunity.